Avis Budget Group, Inc. (NASDAQ:CAR - Free Report) - Equities researchers at Zacks Research lowered their Q2 2025 earnings per share estimates for shares of Avis Budget Group in a research report issued on Wednesday, May 28th. Zacks Research analyst S. Dey now anticipates that the business services provider will post earnings per share of $1.73 for the quarter, down from their prior estimate of $2.21. The consensus estimate for Avis Budget Group's current full-year earnings is $8.91 per share. Zacks Research also issued estimates for Avis Budget Group's Q3 2025 earnings at $10.01 EPS, FY2025 earnings at ($1.67) EPS, Q1 2026 earnings at ($0.93) EPS, Q2 2026 earnings at $3.46 EPS, Q3 2026 earnings at $4.95 EPS, Q4 2026 earnings at $0.81 EPS, FY2026 earnings at $8.29 EPS and Q1 2027 earnings at $1.04 EPS.
CAR has been the subject of several other research reports. JPMorgan Chase & Co. raised their target price on Avis Budget Group from $145.00 to $155.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. The Goldman Sachs Group cut their target price on Avis Budget Group from $100.00 to $87.00 and set a "neutral" rating for the company in a research report on Friday, May 9th. Finally, Wall Street Zen upgraded Avis Budget Group from a "sell" rating to a "hold" rating in a research report on Saturday, May 3rd. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, Avis Budget Group currently has an average rating of "Hold" and an average target price of $117.00.
Check Out Our Latest Stock Report on Avis Budget Group
Avis Budget Group Stock Up 1.9%
Shares of CAR stock traded up $2.24 during mid-day trading on Friday, reaching $121.73. The stock had a trading volume of 1,239,561 shares, compared to its average volume of 902,660. The firm's 50 day simple moving average is $91.13 and its 200 day simple moving average is $88.09. Avis Budget Group has a one year low of $54.03 and a one year high of $124.37. The firm has a market cap of $4.28 billion, a PE ratio of -2.35 and a beta of 2.10.
Avis Budget Group (NASDAQ:CAR - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The business services provider reported ($14.35) EPS for the quarter, missing analysts' consensus estimates of ($5.72) by ($8.63). Avis Budget Group had a negative return on equity of 14.74% and a negative net margin of 15.45%. The firm had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter in the prior year, the business posted ($3.21) EPS. Avis Budget Group's revenue was down 4.7% compared to the same quarter last year.
Hedge Funds Weigh In On Avis Budget Group
Institutional investors have recently bought and sold shares of the business. Aster Capital Management DIFC Ltd bought a new position in Avis Budget Group in the 4th quarter valued at $25,000. UMB Bank n.a. raised its position in Avis Budget Group by 106.9% in the 1st quarter. UMB Bank n.a. now owns 478 shares of the business services provider's stock valued at $36,000 after purchasing an additional 247 shares during the last quarter. Quadrant Capital Group LLC raised its position in Avis Budget Group by 41.0% in the 4th quarter. Quadrant Capital Group LLC now owns 681 shares of the business services provider's stock valued at $55,000 after purchasing an additional 198 shares during the last quarter. Sterling Capital Management LLC raised its position in Avis Budget Group by 41.3% in the 4th quarter. Sterling Capital Management LLC now owns 736 shares of the business services provider's stock valued at $59,000 after purchasing an additional 215 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its position in Avis Budget Group by 421.1% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 839 shares of the business services provider's stock valued at $64,000 after purchasing an additional 678 shares during the last quarter. Institutional investors own 96.35% of the company's stock.
Avis Budget Group Company Profile
(
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Avis Budget Group, Inc engages in the provision of vehicle sharing and rental services. It operates through the following segments: Americas, International, and Corporate and Other. The Americas segment includes the vehicle rental and car sharing operations in North America, South America, Central America, and the Caribbean.
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